Erasca: New Focus After Restructuring, But Need More Differentiation [Seeking Alpha]
Erasca, Inc. (ERAS)
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Summary Erasca has streamlined its pipeline, now focusing on a phase 3 trial for Naporafenib targeting NRAS-mutant melanoma, showing preliminary antitumor activity and manageable safety. Naporafenib, combined with trametinib, demonstrated better PFS and ORR compared to historical benchmarks, despite mixed efficacy and safety data from previous trials. Erasca's financials are solid with a market cap of $755mn and a cash balance of $460mn, providing 8-9 quarters of runway. Despite promising data, the target market's difficulty and Erasca's history of program abandonment warrant cautious observation from the sidelines. koto_feja Last year, in April, when I covered Erasca ( NASDAQ: ERAS ), I sort of bemoaned it's overly huge and distracting pipeline with no phase 3 trials in it. I am happy to see that th e pipeline is now About the TPT service Thanks for reading. At the Total Pharma Tracker , we offer the following:- Our Android app and
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ERAS
News
- Erasca, Inc. (NASDAQ: ERAS) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $6.00 price target on the stock.MarketBeat
- Erasca (ERAS) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now [Yahoo! Finance]Yahoo! Finance
- Erasca, Inc. (NASDAQ: ERAS) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.MarketBeat
- Erasca Reports Third Quarter 2024 Business Updates and Financial ResultsGlobeNewswire
- Erasca to Present at Upcoming Investor ConferencesGlobeNewswire
ERAS
Earnings
- 11/12/24 - Beat
ERAS
Sec Filings
- 11/15/24 - Form 144
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ERAS's page on the SEC website